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Century Casinos Inc - CNTY STOCK NEWS

Welcome to our dedicated page for Century Casinos news (Ticker: CNTY), a resource for investors and traders seeking the latest updates and insights on Century Casinos stock.

Century Casinos Inc (NASDAQ: CNTY) is a prominent casino entertainment company, providing world-class gaming and hospitality experiences across North America and Europe. Headquartered in Colorado Springs, Colorado, the company operates numerous facilities, including casinos, hotels, restaurants, and racetracks. Century Casinos is organized into three primary segments: United States, Canada, and Poland.

United States:

  • Mountaineer Casino, Racetrack & Resort in New Cumberland, West Virginia
  • Rocky Gap Casino, Resort & Golf in Flintstone, Maryland
  • Century Casino Cape Girardeau and Century Casino Caruthersville in Missouri
  • Century Casino & Hotels in Cripple Creek and Central City, Colorado
  • Nugget Casino Resort in Reno/Sparks, Nevada

Canada:

  • Century Casino & Hotel in Edmonton
  • Century Casino in St. Albert
  • Century Mile Racetrack and Casino in Edmonton
  • Century Downs Racetrack and Casino in Calgary

Poland:

  • Operates seven casinos through its subsidiary, Casinos Poland Ltd.

Century Casinos is known for its vibrant gaming floors, luxurious accommodations, and top-tier dining and entertainment options. Recent accomplishments include the acquisition of Nugget Casino Resort and Rocky Gap Casino, Resort & Golf, which have contributed to record high net operating revenue and adjusted EBITDA. The company continues to expand, with new projects like the hotel in Cape Girardeau, Missouri, and a land-based casino in Caruthersville, Missouri, both on schedule and within budget. In addition, Century Casinos has streamlined its financials through strategic sales and leaseback agreements, reducing its net debt significantly.

The company’s diverse portfolio and strategic growth initiatives position it as a leading player in the global casino industry. Century Casinos' common stock trades on The Nasdaq Capital Market® under the symbol CNTY. For more information, visit www.cnty.com.

News

VICI Properties Inc. Completes Acquisition of Four Properties in Alberta, Canada in Sale-Leaseback Transaction With Century Casinos, Inc.

Rhea-AI Summary
VICI Properties expands partnership with Century Casinos, Inc. by acquiring Century Canadian Portfolio for C$221.7 million (US$162.4 million)
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Century Casinos, Inc. Completes Sale-Leaseback of Four Properties in Alberta, Canada

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Century Casinos completes sale of Canadian assets to VICI Properties for CAD 221.7 million in cash, retaining CAD 154.5 million. Annual rent to increase by CAD 17.3 million. Debt payment and financial flexibility gained.
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Century Casinos, Inc. Announces Second Quarter 2023 Results

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Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) announced its financial results for the three and six months ended June 30, 2023, highlighting a 23% increase in net operating revenue, a 10% decrease in earnings from operations, and a 122% decrease in net loss attributable to Century Casinos, Inc. shareholders. The company also completed acquisitions of Rocky Gap Casino Resort, Nugget Casino Resort, and the Canada Real Estate Sale. Additionally, the reportable segment results and financial figures for the company's balance sheet and liquidity were detailed.
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Century Casinos Announces Dates of Second Quarter 2023 Earnings Release and Conference Call

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Century Casinos, Inc. will release its Q2 2023 earnings on August 8, 2023. The earnings conference call will be held at 7:00 am MDT. Participants can listen live or obtain a recording of the call.
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VICI Properties Inc. Announces Second Quarter 2023 Results

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VICI Properties Inc. reports 35.5% YoY revenue growth, completes acquisition of Rocky Gap Casino Resort, expands partnership with Canyon Ranch, and updates guidance for full year 2023.
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Golden Entertainment Completes Sale of Rocky Gap Casino Resort for $260 Million

Rhea-AI Summary
Golden Entertainment, Inc. has completed the sale of Rocky Gap Casino Resort for approximately $260 million. Century Casinos, Inc. acquired the operations for $56.1 million, while VICI Properties Inc. acquired the land and buildings for $203.9 million. $175 million of the sale proceeds will be used to repay term loans outstanding.
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Century Casinos, Inc. Completes Acquisition of Rocky Gap Casino Resort Operations; Expands into Maryland

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Century Casinos, Inc. has completed the acquisition of Rocky Gap Casino Resort from Golden Entertainment Inc. for $56.1 million. Simultaneously, VICI Properties Inc. acquired an interest in the land and building associated with Rocky Gap for $203.9 million. The company financed the acquisition with $30.0 million borrowed from its existing credit agreement with Goldman Sachs USA and cash from the balance sheet. Rocky Gap is a full-service resort with a golf course, events center, meeting spaces, spa, and gaming floor. With this acquisition, Century Casinos now has 19 casinos worldwide and expects a pro forma net operating revenue of $508.5 million and Adjusted EBITDA of $128.7 million for 2022.
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Century Casinos to Present at Stifel Conference

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VICI Properties Inc. to Acquire Four Properties in Alberta Canada in Sale-Leaseback Transaction With Century Casinos, Inc.

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Century Casinos, Inc. Announces Sale-Leaseback of Four Properties in Alberta, Canada

Rhea-AI Summary
Century Casinos has entered into an agreement for VICI Properties to acquire its Canadian real estate assets for CAD 221.7 million ($164.4 million). The purchase price includes CAD 192.3 million ($142.6 million) to be paid to Century Casinos and CAD 29.4 million ($21.8 million) to acquire the fee simple real estate interest in Century Downs. The Company anticipates retaining CAD 154.5 million ($114.6 million) after expenses. The transaction is expected to close in the second half of 2023.
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FAQ

What is the current stock price of Century Casinos (CNTY)?

The current stock price of Century Casinos (CNTY) is $3.45 as of December 20, 2024.

What is the market cap of Century Casinos (CNTY)?

The market cap of Century Casinos (CNTY) is approximately 103.7M.

What does Century Casinos Inc do?

Century Casinos Inc operates gaming establishments and related lodging, restaurant, horse racing, and entertainment facilities in North America and Europe.

Where is Century Casinos Inc headquartered?

Century Casinos Inc is headquartered in Colorado Springs, Colorado, USA.

What are the key properties operated by Century Casinos Inc in the United States?

Key properties include Mountaineer Casino, Rocky Gap Casino, Century Casino Cape Girardeau, Century Casino Caruthersville, and Nugget Casino Resort.

What recent acquisitions has Century Casinos Inc completed?

Recent acquisitions include the Nugget Casino Resort and Rocky Gap Casino, Resort & Golf.

What is Century Casinos Inc’s stock symbol?

Century Casinos Inc trades on The Nasdaq Capital Market® under the symbol CNTY.

How is Century Casinos Inc expanding its operations?

Century Casinos Inc is expanding through new projects like the hotel in Cape Girardeau, Missouri, and a land-based casino in Caruthersville, Missouri.

What is Century Casinos Inc's approach to financial management?

The company has streamlined its financials through strategic sales and leaseback agreements, significantly reducing its net debt.

How many casinos does Century Casinos operate in Poland?

Century Casinos operates seven casinos in Poland through its subsidiary Casinos Poland Ltd.

What are some of the amenities offered by Century Casinos Inc?

Amenities include luxurious accommodations, vibrant gaming floors, fine dining, elite fitness centers, championship golf courses, and world-class entertainment.

Where can I find more information about Century Casinos Inc?

For more information, visit Century Casinos' official website at www.cnty.com.

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Century Casinos Inc

NYSE:CNTY

CNTY Rankings

#4370 Ranked by Market Cap
N/A Ranked by Dividends

CNTY Stock Data

103.71M
26.16M
11.15%
59.34%
0.34%
Resorts & Casinos
Hotels & Motels
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United States of America
COLORADO SPRINGS